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Last scraped
Edited on 25/04/2025, 03:19:36 UTC
PONZI SCHEME?
Probably the biggest misconception about bitcoin is that it is a big Ponzi scheme.
The purpose of a Ponzi scheme is to (unjustly) enrich the creator of the Ponzi.
As the creator of bitcoin Satoshi Nakamoto has mined over a million bitcoins, but he or she has never sold a single bitcoin.
So how could it be a Ponzi scheme when the creator never even profited from it?
The idiots who keep making this accusation don't even know what a Ponzi scheme is.
However, the label of Ponzi scheme could certainly be applied to every altcoin that was ever made.
Because every shitcoin/altcoin creator has started their scheme for the purpose of enriching themselves.
ENVIRONMENTAL ATTACKS
The second dumbest argument I think are the environmental attacks against bitcoin.
Funny how the people who make these attacks never say anything about the environmental destruction of gold which is
a hundred times worse than bitcoin. Do these idiots really think gold mining is green and isn't incredibly destructive to the environment?
Unlike gold mining, bitcoin mining can be and often is powered entirely by wind, solar, nuclear, and/or hydro, etc.
Which are all considered more clean forms of energy. But you can't do that with gold mining.
Gold mining is similar to coal mining, both require the clearing and destruction of entire forests, farmland, lakes and rivers, water reservoirs,
wildlife habitats in order to mine the gold. Large amounts of mercury and other toxic chemicals are used to extract and purify the gold which of course
is very destructive to the physical environment. Mercury causes cancer and disease to humans, plants and animals.
Gold mining is often a cause of wars and violence from people fighting over the gold mines especially in Africa.
If the so-called environmentalists such as Greenpeace had half a brain maybe they would be advocating for bitcoin as a superior,
cleaner alternative to gold instead of talking out of their rear end about something they know nothing about.
Gold Mining Unleashes a Carbon Time Bomb in the Amazon
Aerial Images Capture Swathes of Amazon Rainforest Destroyed by Gold Mining
Mercury Pollution Is Way Up. One Huge Culprit? Gold Mines
Probably the biggest misconception about bitcoin is that it is a big Ponzi scheme.
The purpose of a Ponzi scheme is to (unjustly) enrich the creator of the Ponzi.
As the creator of bitcoin Satoshi Nakamoto has mined over a million bitcoins, but he or she has never sold a single bitcoin.
So how could it be a Ponzi scheme when the creator never even profited from it?
The idiots who keep making this accusation don't even know what a Ponzi scheme is.
However, the label of Ponzi scheme could certainly be applied to every altcoin that was ever made.
Because every shitcoin/altcoin creator has started their scheme for the purpose of enriching themselves.
ENVIRONMENTAL ATTACKS
The second dumbest argument I think are the environmental attacks against bitcoin.
Funny how the people who make these attacks never say anything about the environmental destruction of gold which is
a hundred times worse than bitcoin. Do these idiots really think gold mining is green and isn't incredibly destructive to the environment?
Unlike gold mining, bitcoin mining can be and often is powered entirely by wind, solar, nuclear, and/or hydro, etc.
Which are all considered more clean forms of energy. But you can't do that with gold mining.
Gold mining is similar to coal mining, both require the clearing and destruction of entire forests, farmland, lakes and rivers, water reservoirs,
wildlife habitats in order to mine the gold. Large amounts of mercury and other toxic chemicals are used to extract and purify the gold which of course
is very destructive to the physical environment. Mercury causes cancer and disease to humans, plants and animals.
Gold mining is often a cause of wars and violence from people fighting over the gold mines especially in Africa.
If the so-called environmentalists such as Greenpeace had half a brain maybe they would be advocating for bitcoin as a superior,
cleaner alternative to gold instead of talking out of their rear end about something they know nothing about.
Gold Mining Unleashes a Carbon Time Bomb in the Amazon
Aerial Images Capture Swathes of Amazon Rainforest Destroyed by Gold Mining
Mercury Pollution Is Way Up. One Huge Culprit? Gold Mines
The folks that write
Original archived Re: What are some of the dumbest arguments made against Bitcoin?
Scraped on 18/04/2025, 03:19:27 UTC
PONZI SCHEME?
Probably the biggest misconception about bitcoin is that it is a big Ponzi scheme.
The purpose of a Ponzi scheme is to (unjustly) enrich the creator of the Ponzi.
As the creator of bitcoin Satoshi Nakamoto has mined over a million bitcoins, but he or she has never sold a single bitcoin.
So how could it be a Ponzi scheme when the creator never even profited from it?
The idiots who keep making this accusation don't even know what a Ponzi scheme is.
However, the label of Ponzi scheme could certainly be applied to every altcoin that was ever made.
Because every shitcoin/altcoin creator has started their scheme for the purpose of enriching themselves.
ENVIRONMENTAL ATTACKS
The second dumbest argument I think are the environmental attacks against bitcoin.
Funny how the people who make these attacks never say anything about the environmental destruction of gold which is
a hundred times worse than bitcoin. Do these idiots really think gold mining is green and isn't incredibly destructive to the environment?
Unlike gold mining, bitcoin mining can be and often is powered entirely by wind, solar, nuclear, and/or hydro, etc.
Which are all considered more clean forms of energy. But you can't do that with gold mining.
Gold mining is similar to coal mining, both require the clearing and destruction of entire forests, farmland, lakes and rivers, water reservoirs,
wildlife habitats in order to mine the gold. Large amounts of mercury and other toxic chemicals are used to extract and purify the gold which of course
is very destructive to the physical environment. Mercury causes cancer and disease to humans, plants and animals.
Gold mining is often a cause of wars and violence from people fighting over the gold mines especially in Africa.
If the so-called environmentalists such as Greenpeace had half a brain maybe they would be advocating for bitcoin as a superior,
cleaner alternative to gold instead of talking out of their rear end about something they know nothing about.
Gold Mining Unleashes a Carbon Time Bomb in the Amazon
Aerial Images Capture Swathes of Amazon Rainforest Destroyed by Gold Mining
Mercury Pollution Is Way Up. One Huge Culprit? Gold Mines
Probably the biggest misconception about bitcoin is that it is a big Ponzi scheme.
The purpose of a Ponzi scheme is to (unjustly) enrich the creator of the Ponzi.
As the creator of bitcoin Satoshi Nakamoto has mined over a million bitcoins, but he or she has never sold a single bitcoin.
So how could it be a Ponzi scheme when the creator never even profited from it?
The idiots who keep making this accusation don't even know what a Ponzi scheme is.
However, the label of Ponzi scheme could certainly be applied to every altcoin that was ever made.
Because every shitcoin/altcoin creator has started their scheme for the purpose of enriching themselves.
ENVIRONMENTAL ATTACKS
The second dumbest argument I think are the environmental attacks against bitcoin.
Funny how the people who make these attacks never say anything about the environmental destruction of gold which is
a hundred times worse than bitcoin. Do these idiots really think gold mining is green and isn't incredibly destructive to the environment?
Unlike gold mining, bitcoin mining can be and often is powered entirely by wind, solar, nuclear, and/or hydro, etc.
Which are all considered more clean forms of energy. But you can't do that with gold mining.
Gold mining is similar to coal mining, both require the clearing and destruction of entire forests, farmland, lakes and rivers, water reservoirs,
wildlife habitats in order to mine the gold. Large amounts of mercury and other toxic chemicals are used to extract and purify the gold which of course
is very destructive to the physical environment. Mercury causes cancer and disease to humans, plants and animals.
Gold mining is often a cause of wars and violence from people fighting over the gold mines especially in Africa.
If the so-called environmentalists such as Greenpeace had half a brain maybe they would be advocating for bitcoin as a superior,
cleaner alternative to gold instead of talking out of their rear end about something they know nothing about.
Gold Mining Unleashes a Carbon Time Bomb in the Amazon
Aerial Images Capture Swathes of Amazon Rainforest Destroyed by Gold Mining
Mercury Pollution Is Way Up. One Huge Culprit? Gold Mines
The folks that write if off because they just say it's going to zero are special. Lol. I think the whole "it's not physical" and the "they don't even know who made it are all pretty dumb arguments. If you were going to he making a highly controversial first of its kind work around from the global financial sysyen and it actually worked youd want to remain anonymous for your own privacy and safety. Also the folks that use the physical argument forget what a strategic money transfer vehicle that is especially getting out of a country in a war for example and being able to take your entire life savings with you.